Inequality exists around us. One of the inequalities is the income received by a person or member of a family. Income inequality refers to the various incomes within a given population. This income includes wages, salaries, pensions, and interest derived from the assets. The economy nowadays is very dynamic and is constantly growing, but the top is absorbing the biggest portion of the growth. As Arthur Okun once said: “Inequality is the price America pays for a dynamic, efficient economy; we may not like it, but the alternatives are worse. As long as the bottom and the middle are moving up, there is no reason to mind if the top is moving up faster, except perhaps for an ideological grudge against the rich—what conservatives call the politics of envy” {NationalJournal}.

This kind of inequality is especially large in the United States. In the States there are four social classes: the upper class, the middle class, the working class, and the lower class. Of these four classes the most inequality exists between the upper class and the lower class. A high percentage of all citizens’ work in a service related job. These types of jobs pay far less than the manufacturing jobs that dominated the American economy. With the present economy looking bad, most employers are cutting down on employees and possibly replacing them with lower paying or part-time employees. “…Office towers of trademark American companies on both coasts were facing outward, using cheap labor and lax regulations across the world to make strong profits, which flowed to the top corporate officers at twice the rate of even the 1990s” {Suskind 89}. The competition between people for the job is high in the United States and that gives a chance for the employers to lower the wages. Globalization is another actor in the inequality growth. “Globalization has had an impact, as rich countries have been sending more of their commodifiable, generally less-skilled jobs offshore, which has displaced many...

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...Tsakas Spyridon
GLOBALIZATION AND INEQUALITY
It seems like every day in the news and newspapers there is yet another mention of globalization and whether or not it is good or bad. Does anyone really know what the term actually means or stands for though? There are many varying definitions of this term however the most appropriate since it is proposed by the World Bank would have to be the one cited by Branko Milanovic which states that it is the “freedom and ability of individuals and firms to initiate voluntary economic transactions with residents of other countries” (Milanovic 2003 World Bank). The purpose of this paper is to investigate whether or not globalization has aided or worsened inequality in the world. The focus will be on economic inequalities among regions, labor inequalities, poverty, debt, education, and health care. Globalization, contrary to popular belief, has made the gap between rich and poor countries even wider leading to civil unrest around the world.
Globalization is not a newly discovered phenomenon. People have been trading across the globe throughout the course of human history. The flow of capital today is much more rapid than it was 100 years ago, or even 10 years ago for that matter. Due to the ambiguous nature of its definition it is hard to designate exactly when globalization began. The general consensus is that in modern history there have been three major periods of...

...“Social inequality is a more pressing socio-economic challenge than poverty in contemporary South Africa.” South Africa is one of the most unequal countries in the world, but not the poorest (with reference to income). We can see that the inequality in South Africa has worsened over time by looking at the country’s Gini Index score. In 1996 the score was 0.66 and in 2008, 0.70. The score has also deteriorated in terms of population groups: the score went from 0.54 to 0.62 between Blacks and from 0.43 to 0.50 between Whites (The World Bank, 2012). Countries such as Japan and Denmark have index scores around 0.25. The difference is quite visible.
This essay will define poverty and inequality, discuss the measures and consequences of poverty and inequality, and discuss why inequality is a more pressing socio-economic challenge than poverty.
Poverty can be defined as the failure to achieve certain basic capabilities and the inability to live a valued life. Basic capabilities include life, health, education, emotion and affiliation (Nussbaum, 1990:143). However, in the context of South Africa, no official definition has been adopted. It is important to note that income is not the best measure for social relations.
Social inequality is known as the biggest socio-economic issue in South Africa. According to the Oxford Dictionary of Sociology, social...

...KEY POINTS FROM DR. ROBERT REICH’S FILM, INEQUALITY FOR ALL
THE STATS+
Wealth Distribution
• Today, the U.S., by far, has the most unequal distribution of income of all developed nations.
• The U.S. ranks 64th in the world on incomeinequality (i.e., 63 nations are more equal than the U.S.)
• The top 1% holds more than 35% of the nation’s overall wealth, while the bottom 50% controls 2.5%.
• The richest 400 Americans have more wealth than the bottom 150 million Americans combined.
• In 1970, the top 1% of earners took home 9% of the nation’s total income. Today, they take in approximately 23%.
Earning Power
• In 1978, the typical male worker earned $48,302; while in 2010, that worker earned a typical $33,751. In the same
years, the top 1% earned an average of $393,682 and $1,101,089 respectively.
• Between the 1970s and 2010, the median disposable income decreased while household expenses increased:
• 1970s: $35,143 disposable income; housing cost $15,579; healthcare expenses $1,686; college $903.
• 2010: $26,578 disposable income; housing cost $21,684; healthcare expenses $7,082; childcare $3005;
college $1,833
• In the U.S., 42% of children who are born into poverty will not get out. In Denmark, the figure is 25%. In Great
Britain, 30%.
• In the 1970s, the average CEO earned just under 50 times more than their average employee. By the 2000s,
average CEO pay...

...report which is talking about incomeinequality. It is global incomeinequality is increasing. Besides that that’s is more information about measurement for the incomeinequality The relationship between the incomeinequality and economic growth Technological change and globalisation partly on incomeinequality, Way to reduce the incomeinequality, Causes of incomeinequality, and High incomeinequality gap-Latin America. Mostly it is all about the incomeinequality in this assignment is telling about the incomeinequality.
IncomeinequalityIncomeinequality is about the measurement of people’s household or individual based on their income across the various participants in an economy. It is also known as the gap between the rich and poor, wealth and poverty, the different of income between populations or individual (Ram, R. (1988)).
Measurement
To measure the incomeinequality have to use the Gini coefficient which developed by Italian statistician in 1912. The Gini coefficient is measuring the incomeinequality based on the value of a...

...1.0 Introduction:
Incomeinequality for any country
is a very important issue need to be solved, because and control this problem of the entire country's overall economic development and improving people's living standards has played a very crucial role. So what does incomeinequality so-called mean? Incomeinequality is the inside of a group between each person economic assets and income are assigned inequality. (also described as the gap between rich and poor, incomeinequality, wealth disparity, wealth and income differences or wealth gap) It generally refers to a society which the income gap between individuals or groups, but also for the fact that the international wealth gap. The incomeinequality with the concept of economic equality, equality of opportunity and equality of outcome related. Early studies have considered the larger economic inequality would hinder economic growth, but these came to be considered wrong conclusions because these studies did not take into account the improvement in the first.Income inequality often takes years to get them in the economic growth and development to reflect, and at the same time a greater degree of equality and economic growth decisively equation.
2.0 How is income...

...an asylum seeker from Uganda explained how she felt when trying to access medical services in this country. Nmono stated she had difficulty in trying to make her needs understood because of the language barriers.
As already stated before equality is an everyday part of our existence in society today and a great deal of attention is paid to this part of our lives. Equality in the domestic home is rarely looked at or does it receive any attention in law or government policies. If we look at the Victorian model of a home we can see that the husband was expected to work, and the wife was expected to stay home. The female of the house was also expected to cook, clean and care for the husband and children. Very much as it remains to date. Inequality in the home has many downsides to it. The marriage will not be an equal partnership. The female could feel undervalued, and this in turn could lead to low self esteem and the eventual breakdown of the relationship.
In Kurt Vonnegut’s story, “Harrison Bergeron,” everyone is made equal by the United States Handicapper Genera1 while the country is under totalitarian control. Handicaps are forced upon the people by the Handicapper General to create an all-equal society. The character George Bergeron is forced to stay equal by the government’s laws of equality while his wife, Hazel Bergeron, is of only average intelligence, and consequently not given a handicap. Their son, however, has broken the laws of equality and...

...Inequality in Society Essay
Throughout mankind's history there's been constant strife between society's wealthy upper class and the less fortunate lower class, with an ever expanding gap between the two. Notably, our nation, which operates under a capitalistic economy, has unavoidably been plagued by unequal economic opportunity, in spite of the mythical belief that all Americans have an equal opportunity at success. The issue arises when although two individuals may put forth the same effort and possess the same exact talents and intelligence, they may not have an equal shot at success because of their economic standings. This inequality is seen as a truly critical issue by many, even being called the essential problem for the next generation by current president Obama, however the inequality gap between the rich and poor has nonetheless grown out proportion, further exasperating the situation. While our nation truly is suffering from the outrageous gap between the rich and the poor, the goal should be attaining equal opportunities for all Americans, not equal results, because if one individual is truly a harder worker, then they should in fact be wealthier than those who don’t put forth as much effort. Despite constant efforts from our nation's government to level the playing field, the incomeinequality gap has only expanded over time, becoming a greater burden on our once equal opportunity based...

...﻿THE DISTRIBUTION OF INCOME AND WEALTH
Despite have long periods of economic growth during the late 1990s and 2000s, Australia has experienced rising inequality levels. In 2009-10, weekly household incomes ranged from $150 per week to up to $1450 per week. The mean weekly income was around $848, implying that the distribution is skewed and that there was a large amount of people earning lower incomes, whilst there is a small amount of people with higher weekly incomes. In addition, Australia’s wealth inequality is even more unequally distributed compared to income. In 2011-2012, the mean household net worth was $728,000, while the median was much lower at $434,000. This indicated that over 50% of households had less net worth than $700,000. Thus, there was a higher unequal distribution of wealth and wealth was even more concentrated in the highest net worth quintile, compared to income.
Groups that are most affected by unequal distribution of income and wealth include
Age and education
Income has always varied over the course of someone’s life, due to issues with educations and experience. As of 2010:
Ages between 35-44 earn the highest weekly income at around $1213
Ages between 15-19 earn the lowest at $286
Ages between 20-24 earn around $673
This suggests that income levels are lower at...